Employees install batteries on an electric SUV at the Nio production facility in Hefei, Anhui province, China. Photo: Bloomberg
Busy year ahead for Chinese Tesla challengers Nio, Xpeng, as industry body forecasts 40 per cent rise in deliveries
- The China Association of Automobile Manufacturers sees sales of NEVs topping 1.8 million units next year, up from around 1.3 million in 2020
- Sales will be bolstered by government support for the industry, economic growth and strong promotional campaigns by carmakers, analysts predict
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Employees install batteries on an electric SUV at the Nio production facility in Hefei, Anhui province, China. Photo: Bloomberg